Lindsay Q3 EPS Tops by 11%, Revenue Falls Short by $4M
LNN•Lindsay reported Q3 adjusted EPS of $1.22 versus $1.10 consensus, while revenue of $219 million declined 1.8% year-over-year and missed estimates by $4 million. Shares jumped 3% following the announcement.
1. Third-Quarter Earnings Beat
Lindsay achieved adjusted earnings per share of $1.22 in Q3, 11% above the $1.10 analysts expected, driven by stronger margins in agricultural irrigation solutions and effective cost controls.
2. Revenue Performance
Revenue for the quarter was $219 million, down 1.8% year-over-year and $4 million below consensus, as sales in road infrastructure softened due to project delays and reduced equipment orders.
3. Stock Reaction
Shares climbed 3% in early trading as investors rewarded the profit beat, with daily volume rising 50% above its three-month average, offsetting concerns over the modest revenue shortfall.
